Romania SAF-T pilot 2020
- Sep 2, 2019 | Richard Asquith
Romania is proceeding with plans for a pilot of Standard Audit File for Tax (SAF-T) for large taxpayers in January 2020. This would enable a full adoption by the end of 2020 for most businesses.
SAF-T was developed by the OECD in 2005 as a standard schema for the exchange of tax data between tax authorities and businesses around the world. It is already in place in nine European countries on a mostly on-demand basis. Poland is the only country to date that has made it a monthly filing requirement.
Hungary is also planning to introduce SAF-T in 2021.
Latest Romanian news
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
January 09, 2019
The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.
December 28, 2018
Following agreement by EU member states to permit cutting the VAT rate on e-books and online journals to match the reduced/zero rating permitted on their paper-based equivalents, the following countries have already announced reductions...